Hi dear patrons, hope you are well and welcome to the new update on Ethereum with Bitcoin pair.
Previously we have seen that Ethereum has already completed a big bullish Cypher pattern on the weekly time frame chart.
Now on a 12-hour chart, the price action of Ethereum has formed another harmonic bullish BAT pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Buy between: 0.030928 to 0.030699 btc
Sell between: 0.031473 to 0.032305 btc
Stop loss:
The maximum extent of potential reversal zone 0.030699 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has profit possibility of 5 % and the loss possibility is 1%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Previously we have seen that Ethereum has already completed a big bullish Cypher pattern on the weekly time frame chart.
Now on a 12-hour chart, the price action of Ethereum has formed another harmonic bullish BAT pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Buy between: 0.030928 to 0.030699 btc
Sell between: 0.031473 to 0.032305 btc
Stop loss:
The maximum extent of potential reversal zone 0.030699 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has profit possibility of 5 % and the loss possibility is 1%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade